Carmignac Gestion Makes New $528,000 Investment in Annaly Capital Management Inc $NLY

Carmignac Gestion bought a new position in Annaly Capital Management Inc (NYSE:NLY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 23,612 shares of the real estate investment trust’s stock, valued at approximately $528,000.

Other large investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC boosted its stake in Annaly Capital Management by 76.9% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,150 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 500 shares during the period. Root Financial Partners LLC grew its position in Annaly Capital Management by 585.6% during the 1st quarter. Root Financial Partners LLC now owns 1,330 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,136 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in Annaly Capital Management during the 4th quarter valued at $31,000. TD Private Client Wealth LLC raised its stake in Annaly Capital Management by 361.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,504 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,178 shares during the period. Finally, Markowski Investments purchased a new stake in shares of Annaly Capital Management in the second quarter valued at $37,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Annaly Capital Management Price Performance

NLY traded down $0.06 during trading on Tuesday, reaching $22.75. 6,699,619 shares of the stock traded hands, compared to its average volume of 7,519,401. The stock’s 50-day simple moving average is $22.89 and its two-hundred day simple moving average is $22.38. Annaly Capital Management Inc has a fifty-two week low of $20.00 and a fifty-two week high of $24.52. The stock has a market cap of $17.15 billion, a price-to-earnings ratio of 5.70, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16.

Annaly Capital Management (NYSE:NLY) last issued its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.04. Annaly Capital Management had a return on equity of 16.00% and a net margin of 43.66%.The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $639.80 million. Research analysts anticipate that Annaly Capital Management Inc will post 3.09 earnings per share for the current fiscal year.

Annaly Capital Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, June 30th were issued a $0.75 dividend. This is an increase from Annaly Capital Management’s previous quarterly dividend of $0.70. This represents a $3.00 dividend on an annualized basis and a yield of 13.2%. The ex-dividend date was Tuesday, June 30th. Annaly Capital Management’s dividend payout ratio is currently 75.19%.

Analyst Upgrades and Downgrades

NLY has been the topic of a number of research analyst reports. Zacks Research downgraded Annaly Capital Management from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Royal Bank Of Canada restated an “outperform” rating and set a $25.00 price objective on shares of Annaly Capital Management in a research report on Wednesday, June 3rd. Piper Sandler lifted their target price on Annaly Capital Management from $24.50 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Annaly Capital Management in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Annaly Capital Management from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Annaly Capital Management has a consensus rating of “Moderate Buy” and an average target price of $24.33.

Annaly Capital Management Profile

Annaly Capital Management, Inc is a publicly traded real estate investment trust (REIT) that specializes in generating income through investment in mortgage-related assets. The company’s core business activities include the acquisition, financing, and management of a diversified portfolio of agency and non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other real estate debt instruments. Annaly seeks to profit from the spread between the interest earned on its mortgage investments and its cost of funds, as well as from capital gains realized through active portfolio management.

Founded in 1997 and headquartered in New York City, Annaly has grown to become one of the largest mortgage REITs in the United States.